$EOSE — resurfacing this because I feel it didn’t get the attention it warranted.
Eos probably added ~$7 BILLION to its pipeline, from data-center projects ALONE since Q3. Let me repeat, SEVEN BILLION, in one single quarter.
From Joe’s Jan 14 interview: data-center deals grew to ~40% of the pipeline (vs. 22% on Sept 30). ~27GWh of additions tied to data centers at least.
$EOSE Q3 pipeline: 91GWh ($22.6B)
• 20GWh data centers → 22%
• 68GWh LDES → 64%
If all else equal (conservative — I expect net inflows),
$EOSE added ~27GWh of data-center projects, 47GWh total, in order for it to become 40% of the pipeline.
30% growth QoQ just on data-center additions — the fastest, most urgent, time-to-power demand in the ecosystem.
At their ASP of $250/kwh, this is a $6.75 Billion increase in their data-center pipeline alone. If true, it's simply huge, expect additional eyeballs.
And I expect Eos to have grown its non-data-center business as well (as we've seen from their ~3.4GWh in total NYC projects for the upcoming RFP, just to name an example).
Use
$FLNC as a reference: Fluence saw ~30% QoQ, $6.7 billion pipeline growth. Remarkable!
• 36GWh data center projects
• 34GWh LDES
These are not normal numbers: ~30% QoQ growth and multi-billion pipeline expansion. That’s what a demand tsunami looks like — and not enough people are aware of it.
Data Center demand and LDES. These are the exact pillars Fluence is highlighting. Expect Eos to lean into the same and show ≥1.3× Fluence’s DC exposure and ≥2× its LDES, at least.
Remember, Cerberus’ thesis is for
$EOSE to become the First Solar (
$FSLR) of BESS. That is not winning ~3% of the market share. Its dominating. It's having structural cost advantages, localized manufacturing, and the ability to execute at scale.
Recommend watching Joe with Maria on FOX:
eose.com/eos-featured-on-fox…